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RECENT DATA CLEARLY SHOWS AN IMPROVED JOB MARKET AND THE MILLENNIALS ARE FINALLY CATCHING A BREAK. BUT THE EFFECTS OF THE GREAT RECESSION WILL LIVE WITH THEM FOR THEIR PROFESSIONAL LIVES--AND PROBABLY NOT IN THE WAY PRESIDENT OBAMA HAD IN MIND DURING HIS MOST RECENT STATE OF THE UNION ADDRESS.

"WILL WE ACCEPT AN ECONOMY WHERE ONLY A FEW OF US DO SPECTACULARLY WELL? OR WILL WE COMMIT OURSELVES TO AN ECONOMY THAT GENERATES RISING INCOMES AND CHANCES FOR EVERYONE WHO MAKES THE EFFORT?"

MILLIONS OF MILLENIALS DID MAKE THE EFFORT, OFTEN ACCEPTING LOWER-WAGE JOBS IN ORDER TO START A CAREER. BUT STARTING THEIR CAREERS LATE TRANSLATED TO A SIGNIFICANT REDUCTION IN THEIR OVERALL LIFETIME EARNINGS. THE EFFECTS SEND SHOCK WAVES THRU THE ECONOMY.

TODAY YOUNG PEOPLE WORK MOSTLY IN THE RETAIL, HOSPITALITY, AND SERVICE INDUSTRIES. OVER THE LAST TEN YEARS WAGES HAVE DECLINED 10% AMONG MILLENNIALS COMPARED TO JUST 4% FOR THOSE OVER 35. PERSONAL SAVINGS RATES AMONG YOUNG ADULTS IS NEGATIVE .2% MOSTLY DUE HIGH COSTS OF STUDENT LOANS AND INCREASING COSTS OF LIVING. HIGH DEBT MEANS THEY CAN FORGET ABOUT RETIRING AT 65.

AND THE OBAMA ADMINISTRATION'S ECONOMIC RECOVERY HASN'T HELPED MUCH. THE GDP GREW AT THE RATE OF 2.3% A YEAR-- THE SAME PACE AS THE BUSH ADMINISTRATION AND EXACTLY HALF OF WHAT RONALD REAGAN ACCOMPLISHED IN THE SAME AMOUNT OF TIME.

THIS IS NOT THE FIRST TIME A RECESSION HAS SIDELINED YOUNGER WORKERS. BUT THE WAGE GAP IS SUBSTANTIALLY LARGER AND HAS LASTED LONGER THAN IN THE PAST. DESPITE THE PRESIDENT'S PROCLAMATIONS EXPERTS WARN YOUNG AMERICANS WILL PAY THE PRICE OF THE GREAT RECESSION FOR THEIR ENTIRE LIFETIME.

This week, prosecutors in New York introduced eight documents recovered in Osama bin Laden’s compound in Pakistan as evidence in the trial of a terrorism suspect. The U.S. government accuses Abid Naseer of taking part in al Qaeda’s scheme to attack targets in Europe and New York City. And prosecutors say the documents are essential for understanding the scope of al Qaeda’s plotting.

More than 1 million documents and files were captured by the Navy Seals who raided bin Laden’s safe house in Abbottabad, Pakistan in May 2011. One year later, in May 2012, the Obama administration released just 17 of them.

While there is some overlap between the files introduced as evidence in Brooklyn and those that were previously made public in 2012, much of what is in the trial exhibits had never been made public before.

The files do not support the view, promoted by some in the Obama administration, that bin Laden was in “comfortable retirement,” “sidelined,” or “a lion in winter” in the months leading up to his death. On the contrary, bin Laden is asked to give his order on a host of issues, ranging from the handling of money to the movement of terrorist operatives.

Some of the key revelations in the newly-released bin Laden files relate to al Qaeda’s dealings with Iran and presence in Afghanistan.

Barack Obama wants us all to simmer down about Iran. He wants Senator Bob Menendez, a fellow Democrat, and the donors he represents to butt out of the sanctions debate. He wants Republicans to quit crying wolf about Iran’s nuclear weapons program. He wants the media to stop hyping terror threats. He wants the American people in the dark about the secret correspondence he’s had for years with Iran’s supreme leader. He wants John Boehner to be mindful of protocol. And most of all, he wants Israeli prime minister Benjamin Netanyahu to stop questioning his accommodationist approach to Tehran.

With the breezy confidence that is his trademark, the president has repeatedly delivered a reassuring message on Iran to the country and the world: Trust me.

With respect, Mr. President: No.

From the earliest moments of his first term, Obama sought to convince the country that threats from our erstwhile enemies were overblown. He forged an approach to jihadist attacks and rogue regimes meant to be a stark contrast from that of his predecessor. He ended the war on terror, quietly sought rapprochement with radical Islamist movements like the Muslim Brotherhood and the Taliban, and ostentatiously undertook a more conciliatory approach to terror-sponsoring regimes like Syria and Iran.

Notwithstanding periodic drone strikes on bad guys, Obama has demonstrated repeatedly that his instinct is to ignore, dismiss, or downplay threats to the United States and its interests and allies. The record over six years is a long list of mistaken judgments, awkward euphemisms, and false assurances.

Al Qaeda Wasn’t ‘on the Run’
Why haven’t we seen the documents retrieved in the bin Laden raid?

Steve Hayes

The initial scrub took several weeks. It was never meant to be comprehensive. “It was more data-mining than analysis,” says one intelligence official with knowledge of the project. Researchers and analysts searched the documents for key names, phone numbers, and addresses that could be used by U.S. troops to target senior al Qaeda leaders. In subsequent congressional testimony, James Clapper, director of national intelligence, reported that there were “over 400 intelligence reports that were issued in the initial aftermath immediately after the raid.”

Then the document exploitation stopped. According to sources with detailed knowledge of the handling of the documents, the CIA did little to build on the project after the initial burst of intelligence reports.

Officials at the Defense Intelligence Agency and CENTCOM responsible for providing analysis to U.S. troops fighting in Iraq and Afghanistan wanted to study the documents. But the CIA had “executive authority” over the collection and blocked any outside access to them.

The ensuing bureaucratic fight, reminiscent of the intragovernment battles that led to the reorganization of the intelligence community after 9/11, unfolded over the spring and fall of 2011. It was resolved, at least temporarily, when then-CIA director David Petraeus weighed in on behalf of the team from CENTCOM and the DIA, a move that did little to improve his standing with the CIA bureaucracy. Petraeus was angry when he learned that the CIA hadn’t been actively exploiting the documents, and as the former head of CENTCOM, he was sympathetic to the pleas from military intelligence. The dispute made its way to Clapper, who met with representatives of the warring agencies and agreed that DIA and CENTCOM should be allowed to study the documents.

DHS Funding Fight: As the clock ticks down to Friday night's DHS funding deadline, the standoff on Capitol Hill has taken a turn for the weird as Senate Republicans announced they'd put forth a clean DHS funding bill as long as Dems would agree to allow a vote on a standalone immigration bill. Despite the fact that plan is exactly what Senate Dems have said they've wanted, Sen Reid indicated his caucus would object to consideration of a clean bill unless they get assurances from Speaker Boehner that the House would consider and pass a clean funding bill. Republicans argue that's tantamount to moving the goalposts while Dems say the ball is in Boehner's court.

FCC Internet Regulation: A day before the FCC will vote on substantial new internet regulations, the House Oversight Committee will hold a hearing into the relationship between the FCC and the White House. Rep. Jason Chaffetz, who chairs the committee, has made it clear that he and other Republican lawmakers are unhappy with the FCC's proposed so-called "net neutrality" rules that will add an additional layer of regulations for broadband providers, and they want to know what role the president is playing in influencing FCC policy and rulemaking.

State Department Official Arrested: Daniel Rosen, a senior State Department official in charge of federal counterterrorism programs was arrested Tuesday afternoon for allegedly soliciting sex from a minor. Police say Rosen was arrested by a county detective about noon at his Washington, D.C. home and transported to the DC Jail. Department spokeswoman Jen Psaki said late Tuesday, "We are aware that a State Department employee has been arrested and charges have been issued. For issues related to Department personnel and for privacy reasons, we are not able to confirm the identity of the individual or specific charges. His security clearance will be suspended and he will be put on administrative leave while this proceeds to its end through any judicial process. We are following standard procedure in this case." Mr. Rosen awaits extradition to Fairfax County, expected this morning.

Obama Advisor Comments on Netanyahu Address: Susan Rice, President Obama's national security advisor, said that Prime Minister Benjamin Netanyahu's acceptance of an invitation to address Congress next month is "destructive of the fabric of the relationship" between Israel and the United States. Many House and Senate Democrats have said they will not be in attendance for the speech.

This week's fiery accident involving oil tanker cars derailing in West Virginia is renewing the call for what proponents claim would be a safer, more reliable method of transportation -- the controversial Keystone XL Pipeline.

The Islamic State is no mere collection of psychopaths. It is a religious group with carefully considered beliefs, among them that it is a key agent of the coming apocalypse. Here’s what that means for its strategy—and for how to stop it.

Control of territory is an essential precondition for the Islamic State’s authority in the eyes of its supporters. This map, adapted from the work of the Institute for the Study of War, shows the territory under the caliphate’s control as of January 15, along with areas it has attacked. Where it holds power, the state collects taxes, regulates prices, operates courts, and administers services ranging from health care and education to telecommunications

Thank you for sending in your snow photos-- we received a lot of great shots, but these are a few of our favorites. Enjoy the snow day if you have one and be safe--for all of our viewers in warm weather today we would like to say ENJOY!

As is so often the case, states lead the way. A lawsuit filed by 26 states against President Obama's executive actions on immigration, took a big step forward. On Monday, a federal judge blocked the president’s actions granting legal status to millions of illegal immigrants.

U.S. District Judge Andrew Hanen's decision puts a freeze on the president’s plan, the first phase of which was supposed to begin Wednesday.

While the administration will no doubt appeal the ruling, this decision could provide a legislative opening for the Homeland Security funding bill that is stalled in the Senate. The bill is being blocked by Democrats and would also be certainly vetoed by the President should it pass.

So what is the way out of the standoff? The Republican argument may be to ask how they could fund anything that has been blocked by the courts and go full steam ahead on offense. Or, Republicans may be so encouraged about the chance for legal remedy that the looming showdown is drained of some of its urgency and move toward compromise.